Peak Season Recovery Expectations Strengthen, Coal ETF (515220) Rises 1.50% Intraday

NewTimeSpace News, as of 13:38 on January 22, 2026, the CSI Coal Index (399998) surged 1.90%. Component stocks performed strongly: Dayou Energy rose 9.96%, Yunnan Coal Energy and Huainan Mining Industry both climbed 4.53%, while other stocks such as Shaanxi Black Cat and Baotailong followed suit. The Coal ETF (515220) rose 1.50% to a latest price of 1.09 yuan. Over a longer period, as of January 21, 2026, the ETF has accumulated a 1.84% increase in the past month. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

In terms of liquidity, the ETF recorded an intraday turnover rate of 5.01% with a trading volume of 414 million yuan. Looking back, as of January 21, its average daily trading volume in the past month was 517 million yuan.

Regarding scale, the latest size of the Coal ETF reached 8.157 billion yuan. (Data source: Wind)

Data shows that leveraged funds have been continuously increasing positions. The ETF’s cumulative net margin purchase amount since the start of this month was 3.5426 million yuan, and the outstanding margin balance stood at 254 million yuan. (Data source: Wind)

As of January 21, the ETF’s net value has risen 89.54% over the past five years, ranking 27th among 1,081 index equity funds (top 2.50%). In terms of profitability, as of January 21, 2026, since its establishment, the ETF has achieved a maximum monthly return of 30.48%, the longest consecutive monthly gain period of 8 months with a cumulative increase of 91.06%, a ratio of rising to falling months of 43:28, an average return of 6.15% in rising months, an annual profit percentage of 80.00%, and an 83.38% probability of profit when held for 2 years historically. Additionally, its annualized excess return over the benchmark since inception was 7.88%.

In terms of drawdown, as of January 21, 2026, the ETF’s maximum drawdown since the start of the year was 3.79%, with a relative drawdown against the benchmark of 0.05%.

Regarding fees, the ETF’s management fee rate is 0.50% and the custodian fee rate is 0.10%.

In terms of tracking accuracy, as of January 21, 2026, the ETF’s tracking error since the start of the year was 0.006%.

The Coal ETF closely tracks the CSI Coal Index, which selects listed company securities engaged in coal mining, coal processing and other related businesses as index samples to reflect the overall performance of coal-related listed company securities.

Data shows that as of December 31, 2025, the top ten constituent stocks of the CSI Coal Index (399998) by weight were: China Shenhua Energy Co., Ltd., Shaanxi Coal Industry Co., Ltd., Yankuang Energy Group Co., Ltd., China National Coal Group Energy Co., Ltd., Shanxi Coking Coal Energy Group Co., Ltd., Huayang New Material Technology Group Co., Ltd., Meijin Energy Group Co., Ltd., Lu’an Environmental Energy Development Co., Ltd., Huainan Mining Industry (Group) Co., Ltd., and Pingdingshan Tianan Coal Industry Co., Ltd. The combined weight of these top ten stocks accounted for 65.91%. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

Datong Securities stated that the current improvement in supply and demand supports stable prices, while policies and cold waves have strengthened market expectations. Port prices have shown divergent trends but generally remained within a relatively stable range; production areas have exhibited regional differentiation characteristics, with marginal changes in both supply and demand driving a recovery in local market conditions. In the long term, the expected supply contraction and the seasonal recovery of winter demand form a resonant support, and coal prices are expected to gradually recover to a reasonable range in the future.

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